Ethereum ETF Officially Approved by SEC

[Suba]

The US Securities and Exchange Commission (SEC) on Monday (22/7/2024), has approved several spot Ethereum ETFs and can be traded on various stock exchanges such as: New York Stock Exchange (NYSE), Nasdaq, Chicago Board Options Exchange (CBOE) etc. Meanwhile, retail investors can buy Ether ETFs through brokers such as Fidelity and Robinhood. In an effort to attract investors, Fidelity, VanEck, 21Shares and Franklin Templeton, announced that they would waive fees during a certain period or offering, while Grayscale Ethereum Mini Trust will waive fees for the first six months.

 

[Webster]

The US Securities and Exchange Commission (SEC) on Monday (22/7/2024), has approved several spot Ethereum ETFs and can be traded on various stock exchanges such as: New York Stock Exchange (NYSE), Nasdaq, Chicago Board Options Exchange (CBOE) etc. Meanwhile, retail investors can buy Ether ETFs through brokers such as Fidelity and Robinhood. In an effort to attract investors, Fidelity, VanEck, 21Shares and Franklin Templeton, announced that they would waive fees during a certain period or offering, while Grayscale Ethereum Mini Trust will waive fees for the first six months.

This is a good, sound decision, both for investors and for crypto in general.

--For investors, having an investment protected/approves by the SEC is almost the gold standard in investments - its' considered safe (well, as safe as investments can be at times) and can be part of one's investment/retirement strategy
--For crypto, Ethereum is the second major cryptocurrency (after Bitcoin) to have an Exchange-Traded Fund (ETF) on Wall Street, which should lessen fears people may have over crypto in general